Buy UPL, target Rs 1,055: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on UPL Ltd. with a target price of Rs 1055. The current market price of UPL Ltd. is Rs 1035.05 Time period given by the analyst is Intra Day when UPL Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 1020. UPL Ltd., incorporated in 1985, has a market cap of Rs 52719.51 crore.

UPL Ltd. key Products/Revenue Segments include Agrochemicals which contributed Rs 7168.00 Crore to Sales Value (97.20 % of Total Sales), Export Incentives which contributed Rs 86.00 Crore to Sales Value (1.16 % of Total Sales), Other Operating Revenue which contributed Rs 62.00 Crore to Sales Value (0.84 % of Total Sales), Royalty Income which contributed Rs 24.00 Crore to Sales Value (0.32 % of Total Sales), Job Work which contributed Rs 20.00 Crore to Sales Value (0.27 % of Total Sales) and Sale of services which contributed Rs 14.00 Crore to Sales Value (0.18 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 8525.00 Crore, up 73.24 % from last quarter Sales of Rs 4921.00 Crore and up 49.80 % from last year same quarter Sales of Rs 5691.00 Crore Company has reported net profit after tax of Rs 235.00 Crore in latest quarter. The company’s top management includes Dr.Reena Ramachandran, Mr.A C Ashar, Mr.Hardeep Singh, Mr.J R Shroff, Mr.Pradeep Goyal, Mr.R D Shroff, Mr.V R Shroff, Mr.Vasant P Gandhi, Mr.Vinod Sethi, Mrs.S R Shroff. Company has B S R & Co. LLP as its auditoRs As on 31-03-2019, the company has a total of 509,342,670 shares outstanding.